The Dow and The Economy
- Thread starter MAC_Whore
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PuterChick
Well-known member
We are witnessing some very scary times in the U.S.! I pray that things will improve with time.
elegant-one
Well-known member
I just briefly heard that it is Wall Streets reaction to not getting the plan settled....the dow is coming back slowly...we'll see
Also, Representatives were flooded with calls that people did not want the bail out. Who knows what will happen - don't panic
Also, Representatives were flooded with calls that people did not want the bail out. Who knows what will happen - don't panic
thelove4tequila
Well-known member
OH.MY.GOD.
I can't believe it. Ugh.....
I can't believe it. Ugh.....
MAC_Whore
Well-known member
Quote:
Generally, I'm one not to buy into the panic. I follow the ride-it-out rule. This though, just feels so very not good.
Originally Posted by elegant-one
I just briefly heard that it is Wall Streets reaction to not getting the plan settled....the dow is coming back slowly...we'll see Also, Representatives were flooded with calls that people did not want the bail out. Who knows what will happen - don't panic
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Generally, I'm one not to buy into the panic. I follow the ride-it-out rule. This though, just feels so very not good.
ginger9
Well-known member
Quote:
So do I.
This time all the change has fallen out of my pocket, I've vomited the corn dog I ate all over my shirt, and I'm just about to pee my pants. Don't know how much longer I can stay on this ride...
| Originally Posted by MAC_Whore
Generally, I'm one not to buy into the panic. I follow the ride-it-out rule. This though, just feels so very not good. |
So do I.
This time all the change has fallen out of my pocket, I've vomited the corn dog I ate all over my shirt, and I'm just about to pee my pants. Don't know how much longer I can stay on this ride...
MACLovin
Well-known member
Yes, this is pretty scary. I really hope we have some intelligent people behind the scenes working to make this EXTREMELY crucial decision a wise one, because if not things can only get worse.
It sucks that hard-working people have to suffer monetarily for others' greed and stupid decisions. Admittedly, I don't know a ton about Wall Street and the intricacies of the global market, however I do know that there are a lot of greedy, rich douchebags with a lot of control over others' money and there is too much corruption and not enough oversight as to what the hell is going on.
People need answers, and they need their money to not be swindled away while Mr. CEO is takin' it easy in Tahiti with his $32 MIL bonus money.
It sucks that hard-working people have to suffer monetarily for others' greed and stupid decisions. Admittedly, I don't know a ton about Wall Street and the intricacies of the global market, however I do know that there are a lot of greedy, rich douchebags with a lot of control over others' money and there is too much corruption and not enough oversight as to what the hell is going on.
ShugAvery2001
Well-known member
Quote:
They always do....
What's interesting to me is how all this is happening so close to a presidential election.
But scary times indeed. What's even scarier to me is the fact that Paulson is so closely tied to Goldman Saks and how much of his own personal benifits may be tied to getting his hands on this 700 BILLION..
I'm really torn.. I'm kinda glad they didn't give him the money. The bill specifies that Paulson would be able to do whatever 'HE SEE'S FIT' with that money WITH NO OVERSIGHT...
bump dat!
It's not even guaranteed that this package will turn the economy around. Remember everything is cyclic. And the US is due cause we've had it great for the last few decades.
| Originally Posted by PuterChick
We are witnessing some very scary times in the U.S.! I pray that things will improve with time. |
They always do....
What's interesting to me is how all this is happening so close to a presidential election.
But scary times indeed. What's even scarier to me is the fact that Paulson is so closely tied to Goldman Saks and how much of his own personal benifits may be tied to getting his hands on this 700 BILLION..
I'm really torn.. I'm kinda glad they didn't give him the money. The bill specifies that Paulson would be able to do whatever 'HE SEE'S FIT' with that money WITH NO OVERSIGHT...
bump dat!
It's not even guaranteed that this package will turn the economy around. Remember everything is cyclic. And the US is due cause we've had it great for the last few decades.
Beauty Mark
Well-known member
I worry about it a lot. I don't understand why, if government interference is needed so badly, why they didn't do it sooner than later.
The idea of a bailout bothers me a lot, though I can't say I have a better solution. It just seems like it's rewarding financial irresponsibility and that isn't very American, for lack of a better term
The idea of a bailout bothers me a lot, though I can't say I have a better solution. It just seems like it's rewarding financial irresponsibility and that isn't very American, for lack of a better term
ShugAvery2001
Well-known member
Quote:
IMO the reason you're being bombarded with all of this now is because we're apprx. 40 days out of our national elections.
Don't trip save some money try to lay off the credit and work hard
Economist have been debating the eventuality of the housing bubble bursting FOR YEARRRRRRRRRRRS
look at this blurb from the Economist from 05
The global housing boom | In come the waves | Economist.com
The global housing boom
Jun 16th 2005
From The Economist print edition
NEVER before have real house prices risen so fast, for so long, in so many countries. Property markets have been frothing from America, Britain and Australia to France, Spain and China. Rising property prices helped to prop up the world economy after the stockmarket bubble burst in 2000. What if the housing boom now turns to bust?
According to estimates by The Economist, the total value of residential property in developed economies rose by more than $30 trillion over the past five years, to over $70 trillion, an increase equivalent to 100% of those countries' combined GDPs. Not only does this dwarf any previous house-price boom, it is larger than the global stockmarket bubble in the late 1990s (an increase over five years of 80% of GDP) or America's stockmarket bubble in the late 1920s (55% of GDP). In other words, it looks like the biggest bubble in history. …
| Originally Posted by Beauty Mark
I worry about it a lot. I don't understand why, if government interference is needed so badly, why they didn't do it sooner than later. |
IMO the reason you're being bombarded with all of this now is because we're apprx. 40 days out of our national elections.
Don't trip save some money try to lay off the credit and work hard
Economist have been debating the eventuality of the housing bubble bursting FOR YEARRRRRRRRRRRS
look at this blurb from the Economist from 05
The global housing boom | In come the waves | Economist.com
The global housing boom
Jun 16th 2005
From The Economist print edition
NEVER before have real house prices risen so fast, for so long, in so many countries. Property markets have been frothing from America, Britain and Australia to France, Spain and China. Rising property prices helped to prop up the world economy after the stockmarket bubble burst in 2000. What if the housing boom now turns to bust?
According to estimates by The Economist, the total value of residential property in developed economies rose by more than $30 trillion over the past five years, to over $70 trillion, an increase equivalent to 100% of those countries' combined GDPs. Not only does this dwarf any previous house-price boom, it is larger than the global stockmarket bubble in the late 1990s (an increase over five years of 80% of GDP) or America's stockmarket bubble in the late 1920s (55% of GDP). In other words, it looks like the biggest bubble in history. …
Beauty Mark
Well-known member
I think the idea of saving money and working hard is a great one, but I feel like I am doing that already. I see grocery store prices rise all the time. However, I don't think there's much I can do.
While I think the bailout may be politically motivated, it doesn't help that we're seeing major banks sold off and that we're seeing the stock market affected like this.
While I think the bailout may be politically motivated, it doesn't help that we're seeing major banks sold off and that we're seeing the stock market affected like this.
*Stargazer*
Well-known member
Quote:
AND HE WANTED IMMUNITY FROM FUTURE PROSECUTION!!!!!
I am seriously glad this BS package failed.
Did you see the oversight committee they wanted to create was going to consist of the same a-holes and offices who have watched this crap go on for 20 years? Foxes in the henhouse. Foxes.
| Originally Posted by ShugAvery2001
They always do.... What's interesting to me is how all this is happening so close to a presidential election. But scary times indeed. What's even scarier to me is the fact that Paulson is so closely tied to Goldman Saks and how much of his own personal benifits may be tied to getting his hands on this 700 BILLION.. I'm really torn.. I'm kinda glad they didn't give him the money. The bill specifies that Paulson would be able to do whatever 'HE SEE'S FIT' with that money WITH NO OVERSIGHT... bump dat! It's not even guaranteed that this package will turn the economy around. Remember everything is cyclic. And the US is due cause we've had it great for the last few decades. |
AND HE WANTED IMMUNITY FROM FUTURE PROSECUTION!!!!!
I am seriously glad this BS package failed.
Did you see the oversight committee they wanted to create was going to consist of the same a-holes and offices who have watched this crap go on for 20 years? Foxes in the henhouse. Foxes.
*Stargazer*
Well-known member
Quote:
That WAMU sale was absurd. The gov't didn't want to have to make the FDIC payments when WAMU customers started pulling their money. They seized the bank and basically gifted it to Chase. Chase paid 1.9 billion (to the GOV'T!!) for 310 BILLION dollars in assets, only about 10% of which are bad (home loans).
Know who makes out like a bandit in that deal? Rockefellers. I believe one of them represents W.Va.
| Originally Posted by Beauty Mark
I think the idea of saving money and working hard is a great one, but I feel like I am doing that already. I see grocery store prices rise all the time. However, I don't think there's much I can do. While I think the bailout may be politically motivated, it doesn't help that we're seeing major banks sold off and that we're seeing the stock market affected like this. |
That WAMU sale was absurd. The gov't didn't want to have to make the FDIC payments when WAMU customers started pulling their money. They seized the bank and basically gifted it to Chase. Chase paid 1.9 billion (to the GOV'T!!) for 310 BILLION dollars in assets, only about 10% of which are bad (home loans).
Know who makes out like a bandit in that deal? Rockefellers. I believe one of them represents W.Va.
Beauty Mark
Well-known member
It isn't just WaMu that worries me. Didn't Citi just buy Wachovia?
